Property profile

23610 John R Rd Hazel Park, MI 48030

OFF-MARKET
Specialty properties
Property ID
US43-1588771
3,408 SF 0.21 ac lot Built 1946
Entity Owned 7-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 2,400 square foot commercial property, located at 23610 John R Rd in Hazel Park, Michigan, 48030, presents a unique opportunity for a variety of businesses. Previously operating as a cannabis lounge, the space boasts a versatile layout suitable for retail, restaurant, or special purpose uses. The property features a single tenancy, making it ideal for a business seeking a dedicated space. Key features include a 4,000 square foot enclosed rear patio, a front patio, and overhead garage doors, providing ample outdoor space. The interior is equipped with a sound system, televisions, and security cameras with badge door access. Furniture is available for lease or purchase. A designated DOAS room allows for smoking. The property is situated in the Hazel Park Social District, offering excellent visibility and foot traffic. This turnkey operation is ready for immediate occupancy and presents a rare opportunity in the thriving Ferndale/Royal Oak submarket cluster. The property's adaptable design and existing infrastructure make it an attractive option for a wide range of businesses seeking a high-impact location. Don't miss this chance to secure a prime commercial space in a vibrant and growing area.

Property profile

Verified
Property type Specialty properties
Use group PROFESSIONAL CLUBS/ASSOCIATIONS
Year built 1946
Total area 3,408 SF
Lot 0.21 ac (9,148 SF)
Zoning code BI
APN 28-25-25-306-001
UPID US43-1588771

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • General Contractor Construction Company
  • Hotel & Motel Resort
  • Nightclub Theater & Performing Art Venue
  • Building Supply General Contractor

Location

23610 John R Rd Hazel Park, MI 48030-1411
Hazel Park metro Census 175100 DETROIT-WARREN-LIVONIA, MI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$225k

Owner & transaction history

since 2019
4 recorded transactions
2019
$30,000
2010
Price N/A
2008
Price N/A
1969
Price N/A

Zoning & alternative use

BI · Hazel Park, MI

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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